Ridgewood Investments LLC Has $1.20 Million Stake in Dominion Energy, Inc. (NYSE:D)

Ridgewood Investments LLC decreased its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 0.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,344 shares of the utilities provider’s stock after selling 200 shares during the quarter. Ridgewood Investments LLC’s holdings in Dominion Energy were worth $1,203,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Sanctuary Wealth Management L.L.C. bought a new stake in shares of Dominion Energy during the third quarter worth about $28,000. Frazier Financial Advisors LLC bought a new stake in Dominion Energy in the third quarter valued at approximately $32,000. Dunhill Financial LLC boosted its holdings in Dominion Energy by 601.2% in the third quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 487 shares during the last quarter. Larson Financial Group LLC boosted its holdings in Dominion Energy by 282.4% in the third quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 449 shares during the last quarter. Finally, Kimelman & Baird LLC bought a new stake in Dominion Energy in the second quarter valued at approximately $36,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Stock Down 1.9 %

Shares of NYSE D traded down $1.05 during trading on Friday, reaching $53.55. The company had a trading volume of 1,158,562 shares, compared to its average volume of 3,347,257. Dominion Energy, Inc. has a 12-month low of $43.53 and a 12-month high of $61.97. The stock has a market cap of $44.98 billion, a PE ratio of 18.79, a P/E/G ratio of 1.44 and a beta of 0.60. The business’s 50-day moving average is $55.93 and its 200 day moving average is $55.51. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42.

Dominion Energy (NYSE:D) last released its earnings results on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The firm had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $4.18 billion. During the same period in the prior year, the firm posted $0.77 earnings per share. The company’s quarterly revenue was up 3.4% on a year-over-year basis. As a group, equities analysts forecast that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 29th were issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.99%. The ex-dividend date of this dividend was Friday, November 29th. Dominion Energy’s payout ratio is currently 93.68%.

Wall Street Analysts Forecast Growth

D has been the topic of a number of research analyst reports. Morgan Stanley initiated coverage on Dominion Energy in a report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price target on the stock. The Goldman Sachs Group restated a “neutral” rating and set a $61.00 price objective on shares of Dominion Energy in a research note on Friday, November 8th. Scotiabank lifted their target price on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Jefferies Financial Group started coverage on Dominion Energy in a research note on Friday, September 20th. They set a “hold” rating and a $58.00 target price on the stock. Finally, Barclays lifted their price objective on Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Eleven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Dominion Energy has an average rating of “Hold” and a consensus price target of $56.58.

Dominion Energy Profile

Dominion Energy, Inc produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.